Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 1688. (Read 2985503 times)

holding the coins indefinitely is madness in my mind.. anyone who takes more than a month to claim ether doesnt care about nem in the slightest or hasnt bothered their ass to find away around any blocks that might be in place stopping them from claiming. now if these people who dont care find out months down the line that they can claim their nem as its worth say 5 thousand.. the first thing they will do is claim and then dump it asap. if they dont care about it enough to claim it why would they hold it once they do claim it? so these people are of zero benefit to nem. now lets think if these coins are distributed to people who do care, they will benefit nem, if they are used to help nem progress by investing the money in development or marketing that will benefit nem hugely.

not only that but if say 400-500 stakes are held in limbo then that will be knocked off the market cap because of CMC's new rules. not only that but there will be claims that the devs are keeping them for themselves instead of distributing them. then there is also the risk that the coins being held in one massive account get lost for what ever reason and then the devs would be accused of stealing them and there is no coming back from that. then there will also be fears that if the devs hold that many, they could get bored with nem and decide to just dump all the coins and run with the money, i dont believe that will happen but thats where fud comes from.

there are far more downsides to holding all the unclaimed indefinitely than there are pro's. i would agree to hold say, 50 stakes for 6 months so 50 people have the opportunity to claim with in 6 months on a first come first serve basis but any more than that would be stupid.

putting the coins to use in various ways like funding development, mass marketing like no crypto has ever seen, bounties galore that sort of thing will turn nem into a serious challenger to bitcoin. we have to throw everything we have at this and we only get one chance to do it right and imo holding hundreds of stakes in an idle account for months or years is probably up there with the worst of things we could do with the coins and probably the riskiest of routes to take also.

imagine what nem would be worth if we pumped out business rules, asset exchange, voting system, a digital market place(a far better one than nxt) and all the other major core features in 6 months which i think could be done if more devs were to come on board on top of the 5, super devs, we already have. now imagine if we could release a killer mobile app on top of that in a couple of months, fund all sorts of business that pop up around nem in order to thrust nem into astronomical growth over a 12 month period the likes no crypto has seen before, fund a full time marketing team to spread the word, do all sorts of things to spread nem to the masses like a stellar style give away? the possibilities are endless but we have to take the bull by the horns as rockethead says.

being nice(holding peoples stakes indefinitely) gets people no where in life or in business. in business, which is what this is, you have to be ruthless and do what you have to succeed.

again, we have one good shot at this, so are we going to be nice to those who dont benefit nem and are not bothered about nem, or are we going forget about that/those that do not matter to run head first with what we have and throw everything we got at this and in order to succeed?

I read through each paragraph and I feel most of us probably agree with this.  Too much liability in holding huge amounts for people who may never show up.

big wall of text

Naysayer. He had time enough and he will risk his reputation then as well, as any of the stakeholders can get the coins at any time...

Unless the owner of bitcointalk decides to steal all unclaimed coins an year later, and no one will know, as the coins will  be unclaimed.

Unless the owner of bitcointalk decides to steal all unclaimed coins an year later, and no one will know, as the coins will  be unclaimed.

Unless the owner of bitcointalk decides to steal all unclaimed coins an year later, and no one will know, as the coins will  be unclaimed.

I would create a random password as a key for the account and send them the password by bitcointalk. This way management can close distribution.
If they don't take it, its like destroying. And if they realize after a year, that they have a lot of money there, its nice.

Yes, time shouldn´t be relevant, concerning owning rights  ! !

Also, my vote would be to hold the unclaimed stakes indefinitely. They belong to whoever bought them in the first place.

+1

+1

price of silver coin is 0,085 Nem stake (6/7 discount),
for that option we need about 180 unregistered shares.

Every stakeholder got's nem silver coin and devs got shares for development
(xtester idea is great)

And who knows if NEM really became massive then it would be great publicity some guy remembering he had a stake years later and becomes a millionaire.

The source of the issue might be some Chinese users who are unable to use Bitcointalk as it's been blocked in China. In fact it's very likely considering the numbers of a Chinese that use this forum.

All successfuly registered people: https://chain.nem.ninja/stakes/registered
Hope this helps.